The important difference between those who lead and those who manage
Some would say that leaders have people follow them while managers have people who work for them.
We believe leadership is an overused term. Showing leadership is certainly important but it doesn't magically solve all your problems. Actually putting the plans into practice is about management. It's about actively intervening to steer your ship in the right direction. Yes, doing this yourself and showing leadership is part of the process, but there's much more to it than that. It's about getting the culture right and the rules of the game right. A successful business owner needs to be both a strong leader and manager to get their team on board to execute their vision of success. Leadership is about getting people to understand and believe in your vision and to work with you to achieve your goals while managing is more about administering and making sure the day-to-day things are happening as they should.
How to achieve maximum results in minimum time
As small business owners, the challenge often lies in making sure you are both leading your team as well as managing the day-to-day operations. In small business whether you're a leader or a manager it's about achieving maximum results in minimum time. The key decision a manager must make daily is what I am looking at to confirm alignment is 100 per cent in the following areas against the vision or current plan:
- Positioning of the business and its target market being served. Are we cost-effective in delivering value every day so that we can earn the right for repeat and referral business going forward?
- People – are they the right people in the right roles to achieve the desired outcomes we are striving for.
- Passion is everyone still committed to the task at hand and giving the Personal Best.
- Purpose – does this business provide a purpose greater than just making money?
- Profits – are we making profit? How are we trending? What's working, what's not working and what are we doing about it?